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7 Side Hustles For Your 20s

7 Side Hustles For Your 20s

As a modern-day millennial, you’re likely stuck with mountains of student loans, bills, and the general stresses associated with that mystical art of “adulting.” Finding a successful “side-hustle” becomes an imperative way to supplement your income without having to pick up a second job. As a self-proclaimed side-hustle artist, I have weeded through various side hustles to find the most lucrative, money-making options for 20-somethings and beyond.

Mystery Shopping – A Closer Look

Mystery shopping (also known as secret shopping) is a method of quality control for business owners. Secret shoppers are hired to evaluate a business for cleanliness, customer service, and overall efficiency. A Closer Look is an award winning international mystery shopping company. The majority of shops require shoppers 21 and above, but some shops skew younger or older. Age evaluation shops often require shoppers between the ages of 21 and 29 to ensure that restaurants and bars are checking the identification of young patrons. A Closer Look features shops at restaurants, bars, hotels, gyms, concerts, and more. Most shops only reimburse you for the amount of your visit, but many will pay you simply for performing the shop.

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Clothing Resale – Poshmark

Unlike consignment shops, which will often take half of what your items are sold for, Poshmark takes only 20% of whatever your item is sold for (or $2.95…whichever is greater). You list and set the prices yourself. Shipping is included in the 20% fee, so all you need to do is print out the shipping label and plop it on the free priority mail packing materials available at USPS. Poshmark accepts men’s, women’s, and children’s clothing, shoes, and accessories. Earnings can be transferred directly to your bank account or you can request a check.

Amazon’s Mechanical Turk – mTurk

Interersted in getting paid to help with research? Amazon’s Mechanical Turk is a site powered by Amazon for non-computer related tasks. Tasks can include research studies at a university level or tasks such as flagging inappropriate images. You can sign up with an Amazon account and elect to have your earnings as an Amazon gift card or have them deposited into your bank account. While I was a student, I used my Mechanical Turk earnings to pay for all of my textbooks.

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Pet Sitting – Rover

Love animals? Pet sitters are needed in your area! Rover allows pet sitters to connect with pet owners in need of canine or feline care. You set your own rates and accept jobs based on your schedule. Pet owners are in need of dog walkers, short visits, long visits, in-home, and out-of-home care. Whether you’re willing to stay at someone else’s house or would prefer to host a pet in your own home, there’s a job for you. If you’re home for the holidays or summer, you’ll see an extra boost in inquiries as people travel on vacation.

Fiverr

If you have a unique talent or special skill, Fiverr could be the place for you to make money from home. Fiverr is, quite literally, a site of things people will do for $5. Categories include teaching English or foreign language classes via Skype, putting up posters at local businesses, editing papers or resumes, and more.

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Babysitting/Housesitting – Care

If you enjoy working with children, Care is a great place to be connected with families in your area in need of an occasional babysitter or long-term nanny. You are able to filter your requests by the ages of the children, the amount you would like to be paid, and the family’s distance from you. Care encourages to chat prior to booking a job to ensure that you are comfortable with the family, and the family is comfortable with you. Care also offers housesitting and errands for extra cash.

AirBnB/HomeAway

Have an extra room in your home you’d be willing to rent out? Travelers are looking for affordable alternatives to traditional hotels. Opening up your home not only puts money in your wallet, but offers a hospitality experience like no other. Travelers are typically from out-of-town, and your recommendations enhance their stay more than a stuffy hotel would. You name your rates and availability and can adjust accordingly based on special events taking place in your area.

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Flexibility is key in finding successful side hustles. While not all of these options will fit with your schedule 24/7, the ability to name your own prices and hours is key to staying steady.

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Melissa Manson

Media Planner and Buyer

7 Side Hustles For Your 20s Taking the Mystery Out of Mystery Shopping

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Last Updated on January 21, 2020

How to Develop a Millionaire Mindset in 6 Simple Steps

How to Develop a Millionaire Mindset in 6 Simple Steps

We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

How do you go about developing that millionaire mindset? By following these simple steps:

1. Focus On What You Want – And Take It!

So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

Millionaires play to win, not to avoid defeat.

This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

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2. Become Goal-Orientated

It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

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If you are to become a millionaire, you need to start accumulating money.

Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

3. Don’t Spend Your Money – Invest It

The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

Stop working for your money and make your money work for you.

Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

There’s not just the stock market — there’s also property, and your own education.

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4. Never Stop Learning

The best thing you can invest in is yourself.

Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

Learn everything you can about how economics works, how the stocks markets work, how they trend.

Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

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5. Think Big

While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

Aim for the stars, if you fail you’ll still be over the moon.

6. Enjoy the Attention

To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

More About Thinking Smart

Featured photo credit: Austin Distel via unsplash.com

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